Page 39 - Policy Economic Report - March 2026
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7.80POLICY AND ECONOMIC REPORT7.266.93 10.04 6.89 7.02 6.99 6.96 6.55 6.48 6.25 6.21 6.81
10.16OIL & GAS MARKET10.0410.04 10.04 10.04 10.04 9.72 9.72 9.72 9.72 9.72 9.72
6.41
Figure 19: Domestic natural gas price March’25–26 ($/mmbtu)
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
Domestic gas price Gas price ceiling (for difficult areas)
Source - PPAC
Indian Gas Market
? Gross production of natural gas for the month of February 2026 (P) was 2613 MMSCM which
was lower by 4.9% compared with the corresponding month of the previous year.
? Total Import of LNG (Provisional) during the month of February 2026 (P) was 2889 MMSCM
(higher by 6.5% over the corresponding month of the previous year).
? Natural Gas available for sale during February 2026 (P) was 5058 MMSCM (P) (increase of 1%
over the corresponding month of the previous year).
? Total Gas Consumption Availability during February 2026 (P) was 5468 MMSCM (Provisional).
Major consumers were Fertilizer (29%), City Gas Distribution (CGD) (25%), Power (10%), Refinery
(9%) and Petrochemicals (6%).
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